Ariel Family Leases Retail Space To Zama Omakase At 346 West 52nd Street In Midtown West
346 West 52nd Street
$141
$141/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Sep 30, 2025
AI
The property involved in this transaction is a retail space located at 346 West 52nd Street, situated in the Midtown West market. The lease type is a retail lease, with an asking rent of $141 per square foot for a total area of 1,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $141/ft
- Address: 346 West 52nd Street
- Market: Midtown West
- Landlord: Ariel Family
- Tenant: Zama Omakase
- Landlord's Representative: Nolan Weinberg & Jeff Geoghegan - KSR
- Tenant's Representatives: Tyler Zar, Adam Lavian & Tanner Zar - Titan Group New York
- Square Footage: 1,000
This deal involved notable representatives from both sides, with Tyler Zar, Adam Lavian, and Tanner Zar representing the tenant Zama Omakase through Titan Group New York. The landlord, Ariel Family, was represented by Nolan Weinberg and Jeff Geoghegan from KSR. A note from the tenant's representative emphasizes a positive working relationship with KSR and remarks on the potential impact of the new omakase operator on the property and surrounding area.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
112503.55%
Cash-on-Cash
-32153.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93